Tuesday, June 29, 2010

At least one person on CNBC knows what he's talking about. When questioned about the taxes and the deficit, Rick Santelli preaches the truth.

"Stop Spending! Stop Spending! Stop Spending!"

And that's what I've been saying for months. It's the spending that's going to destroy this nation. Simply put, we need to live within our means. In case you don't remember Rick, he was the infamous Wall Street man who gave the "Tea Party" rant on CNBC. If you haven't seen the latest video, please check it out.

Monday, June 28, 2010

And so it begins! By the end of this week, 1.3 million unemployed Americans will lose their jobless benefits. Can someone explain to me why we're spending tens of billions of dollars on the unnecessary wars in Iraq and Afghanistan, but our leaders are letting millions of Americans lose their unemployment benefits. Now, I know that these benefits can't last forever, but it seems hypocritical that we have plenty of money for foreign wars, but not enough for our own people.

Saturday, June 26, 2010

Simply put, the perception in the black community is that "They are for us."

On June 18th, 2010, Republican blog site REDSTATE produced an entry entitled "Why Do Over 90% of Blacks Still Support Obama?" In this piece, the author (chicagobluesgirl) wrote about the black community's unwavering loyalty to the Democratic Party. Now as many of you know, black people have voted for the Democratic nominee with a vote of 85% or more in every election over the last four decades. Now why is that?

I was mentioned in this entry, so I felt that I needed to response. So I'm going to give you my opinion in the nicest way that I know how.

There are two reasons why black people don't vote Republican. but first you have to understand that the Republican Party is not a fiscally (or economically) conservative political organization. When the GOP controlled the white house and both chambers of Congress, they created (at the time) the greatest deficits in American history. They increased entitlements (e.g. Medicare Part D), recklessly drove spending and didn't bother to look for ways to actually pay for things.

So let it be known that the GOP is not a fiscally conservative party and therefore, when black people vote Democrat, they are not necessarily rejecting conservatism, they are rejecting the Republican Party.

Most black people that I have known view the GOP as a white's only, pro-rich political party for old, angry, white people who hate poor people (especially black people).

And frankly, the GOP does everything that it can to re-enforce that notion. Republicans don't bother to court African Americans, Asian Americans, Latinos (well, sometimes), young people, gays, Muslims or anybody who isn't white and over 40.

By the way, I'm a Libertarian who opposed the bailout, wants a smaller government, lower taxes and less spending. I should be the type of black guy that a competent right-wing political party attracts. But I'm not interested in the GOP. Culturally, I have nothing in common with the GOP. I don't hate gays. I don't want to continue the wars in Iraq and Afghanistan. I don't buy into the Dick Cheney school of Neo-con, chicken-hawk rhetoric.

I'm pro-stem cell research and pro-gay marriage, so I would never fit in with the rabid pro-lifers who yell "Baby killer" outside of a clinic. (not that all pro-lifers are crazy people, but too many of them have a voice in the GOP.)

I'm pro-life, but many of these pro-life activists scare me.You can be pro-life without yelling at people like a crazy person. And you don't need to bring your religion into every discussion. It's divisive and ineffective. I'm not religious and I'm pro-life.

I'm pro-gun rights, but I don't feel comfortable around the NRA types. It's weird. Is this fair? No, but I'm 28 year old black man and they are almost always white and over 50. I don't have a problem with whites or people who are over 50, but you have to admit that the lack of young people and minorities in the pro-gun crowd is a big problem.

The GOP has sent a clear message to non-whites and young people. They think that they can win with white suburbanites, but they're wrong. The Latino population is exploding, young whites are avoiding the GOP like the plague and there base is dying.

So why don't black people vote Republican? (and remember, i don't speak for all blacks)

1. The Republican is perceived as a racial threat. I suspect that many black people associate the Republican Party with racism. The GOP brand is caustic and the Republicans have done nothing to improve it. Selecting Michael Steele as RNC Chairman looked like a desperate political calculation.2. Most black folks are socialized to view the government as the protector from threats (e.g. racism).3. Most black people feel that the Democrats support them and that the DNC will use the government to help poor blacks and protect from them from threats.

Now, I admit that many blacks vote for Democrats because they want to continue to receive entitlements or they want the government to take care of family members. But most black people vote for Democrats because they have been socialize to believe that the Democratic Party is for the blacks, the poor and non-whites.

"They are for us."

The problem is that the GOP refuses to challenge the stereotype.

Frankly, the GOP is not a viable option for fiscal conservatives, it's going to take at least a decade to clean up the GOP brand and make the party competition in key minority groups. We need a fresh political party that can affect minorities now, so we can implement changes sooner rather than later. My guess is that the GOP will ignore blacks, gays, Muslims and other groups until it's too late.

Bottom line: Libertarians and conservatives shouldn't try to take over the pro-bailout GOP. They need to build a new organization. A pro-business, tax cutting, government shrinking, capitalist political party. Forgetting about bashing gays, ditch the religious right leaders and focus on the everyday issues.

How the GOP turn things around?

1. STOP BAILING OUT BANKS! Stop bailing out the so called too-big-too-fail banks and corporations. There's no point in talking to people about conservatism if you're acting like a corporatist. Bailing out big banks does several things: establishes you as a thief who steals from the taxpayers to help criminals on Wall Street and a political hypocrite who doesn't want a free market.

2. RETURN TO FISCAL CONSERVATISMWhen you gain control of Congress, at least pretend as if you are a fiscal conservative party by cutting the spending and/or lowering taxes.

3. END THE WARSWe can't afford them. Hello?

4. GO AFTER EVERYBODYRun local candidates in poor black cities and challenge the lazy, useless political hacks of the leftist machine. Even if you lose, it will show that you care about the black vote. This will help change people's views. And don't be afraid to use races in Detroit and Atlanta to train your candidates. Yes, if you use a young white candidate to run in Detroit, he or she will be a stronger candidate even if he or she losses. Use these races to kill two birds with one stone. Train the candidate and spread awareness. if the mayoral candidate losses the race 70% to 30%, that increases the GOP potential in the next presidential election. Instead of the GOP presidential losing 95% to 5%, he or she may score 15 to 30% of the vote because of the mayoral candidate. This may help the Presidential candidate win the state.

In 2004, Kerry beat Bush 51% to 47%. In Wayne County, Kerry won 600,047 votes to Bush's 257,750 votes. If he didn't get beat so badly in the black category, he would have won this blue state. This will be an issue for other Republicans.

But hey...continue with the white suburbia/rural strategy and see what happens. This country isn't getting any whiter (or younger).

5. USE YOUR WEAKNESS AS A STRENGTHUse affirmative action and welfare spending to show how pro-big government politicians use entitlements and special programs to increase black people's dependence on government.

It's simple, the message should point out the fact that they want to enslave us and you will help set us free. Talk about independence, equality and entrepreneurship.

As if the first warning wasn't compelling enough. The Ticker Guy has highlighted parallels between the crash of 2008 and the current market. Now, I'm not saying that the market will behave exactly like it did last time, but the correlation in this video can not be ignored. Good luck!

Friday, June 25, 2010

What does the new banking reform mean for Wall Street? Let me put it this way, a president who received millions of campaign dollars from organizations like Goldman Sachs is not going to challenge their primacy by way of legislative reform. This so called reform is a front.

The legislation gives the Federal Reserve more power. It will have more consumer regulation powers. The derivative problem is not addressed and we're back at square one.

Predicatively, the too big to fail banks enjoyed a boast in stocks. Bank of America Corp. surged 2%, Goldman Sachs and JPMorgan Chase each increase more than 3%.

The Bottom line: The Federal Reserve gets more power and the too big to fail banks will run free (until they suffer from another meltdown and need to bum money off the taxpayers.)

Thursday, June 24, 2010

Initial unemployment claims dropped by 19,000 in the week that ended on June 19. What is means is that we experienced a smaller increase in people filing for unemployment for their first week. The increase is smaller, but it still exist. 457,000 initial jobless claims were filed last week. So the bottom line is that although the number fluctuates, it is still very high and no better than it was at the beginning of the year.

One last thing, I gotta warn you that Israel just launched a spy satellite that is capable of monitoring Iran's nuclear program. This may not be a big deal, but it is worth looking at, because this could help Israel attack Iran's nuclear sites.

Wednesday, June 23, 2010

General Stanley McChrystal and his aides made some controversial comments about the President. First of all, if Obama is such a loser and the general feels that he isn't been given the opportunity to do his job, he should have just quit. I'm sick of watching grown men bicker like they're on the set of "Golden Girls." It's not helpful to have a general speaking about the Obama is a disrespectful manner, but I'm not worried about this. I think it's just another mainstream media distraction. Here's a more relevant story: Jobless claims rise 12,000 to 472,000 while 350,000 people lost their unemployment benefits. Did they find a new job? Not likely, given the current unemployment situation.

Friday, June 18, 2010

This radio show is one of the most dire broadcasts that I've ever heard. Former NSA technology communications analyst, A. C. Griffith, appeared on The Veritas Show and told it like it was. Or at least how he sees it. Call him a conspiracy theorist, a nut or whatever, but in 6 months we'll know if he's right.

Griffith believes that America is transformed into a fascist state, the oil spill will be the greatest ecological disasters ever and the dollar will be done by the end of the year. Wow! And I thought that my predictions were tough.

Tuesday, June 15, 2010

A new study by marine scientists indicates that the oil spill was pumping not 5,000/barrels of oil in the Gulf per day, but a whopping 70,000. Meanwhile, a oil leak video has surfaced and it is spending shockwaves throughout the world. On the video, we see oill leaking from the oil floor. What does this mean? It means that the oil pipe in the ocean has burst and now the oil is leaking from the seafloor. Simply put, there's probably no realistic way we can stop this. I highly recommend you check out the video above.

I think BP knows that it's best option is to cover this up and prevent people from seeing just how badly they screwed up. BP is engaging in one of the greatest cover ups of all time. You don't have to take my word for it. I've got a video on this problem, too. Just look down!

Monday, June 14, 2010

If only we had more scumbags in Washington. Oh wait, we have plenty. Here's a perfect explain of why I no longer respect our political leaders. Congressman Bob Etheridge is approached by some kid with a Flip video camera. The kid asks him, "Do you support the Obama agenda?" And instead of providing a quick and effective answer, the Congressman does the unthinkable. Watch this video and you will witness this politicians physically assault this kid.

Friday, June 11, 2010

Remember when BP was claiming that only 5,000 barrels of oil was leaking into the Gulf Of Mexico? Well, we now have further confirmation that BP was wrong. According to the head of the U.S. Geological Survey, the oil leak was 20,000 to 40,000 barrels per day. That's as much as 1.7 million gallons of oil.

Tuesday, June 8, 2010

What can I say? The picture says it all. Who in his or her right mind would give hard earned money to BP. At this point, people don't even want to give money to locally-owned BP gas stations. But for all we know, that so called locally-owned BP gas station managers are lying. BP has lied about so much already. If you haven't boycotted BP yet, you probably will when you see these photos.

Saturday, June 5, 2010

Peak Oil is a phenomenon where the crude oil production volume has reached a peak.

Critics often argue that the earth has plenty of oil and that we will never run out of a supply. That may be true, but the amount of oil in the earth has nothing to do with Peak Oil. Even if the planet had an indefinite amount of oil, there would be no guarantee that humans would have the technology to get to the oil in a cost effective manner. Simply put, if you spend more energy digging into the earth to extract the oil than the amount of energy you pull from the earth, you can no problem extract the oil in a manner that will allow you to make money. If you can't make the money and produce a net gain of energy, the drilling is pointless. The oil is in the earth, but it's becoming more and more difficult to find the oil hot spots in a cost effective manner. That is the basis of Peak Oil.

Since our entire civilization has been built and based on oil, there is no way to maintain this current population without a steady suppky of oil. Oil has allowed the population to boom in the last 1000 years and if that supply is disrupted, that population bubble will pop.

This means that if the Peak Oil Theory is correct, the world population MUST crash.

In the video above, Michael Ruppert (from the documentary "Collapse") discusses the current oil situation.

Friday, June 4, 2010

Today, the Labor Department released its jobs report and frankly, it was embarrassing. Not only did it fall well below the expected 540,000 job mark, but virtually all of the 431,000 non-farm jobs created weren't even real jobs. The government claimed that that 431,000 new non-farm jobs were created, but 411,000 of these jobs were Census workers. These are temporary government jobs.

And this is after the government applied its bogus birth-death model that assumes jobs have been created with no proof whatsoever. And this number also includes private sector temporary and seasonal jobs. Not to mention the part-time jobs.

The celebrity and chief Barrack Obama took the stage as the head cheerleader by saying,

“We recognize our recovery is still in its early stages... Even if you put the temporary jobs aside, there’s no doubt that we saw another month of private sector job growth.”

The truth is becoming painfully obvious even to the most dim-witted among us. There are no jobs. Not only are the number of jobs declining, but the quality of jobs are declining. This is no recovery and the government has about as much credibility as British Petroleum.

Meanwhile, the state of Taxifornia is considering making it legal for (drug) felons to receive food stamps. I understand that we've all have to eat, but should the tax payers fund a felons food supply?